Mesoblast Ltd (MESO) Receives a Buy from Maxim Group

Maxim Group analyst Jason McCarthy maintained a Buy rating on Mesoblast Ltd (MESO) today and set a price target of $16. The company’s shares closed yesterday at $7.39.

McCarthy observed:

“Mesoblast will host a conference call on to discuss results of the phase 2b study of MPC-150-IM in end-stage (Class IV) heart failure. Data will be presented on Association Meeting.”

According to TipRanks.com, McCarthy is a 4-star analyst with an average return of 5.3% and a 40.9% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group Inc, ContraVir Pharmaceuticals Inc, and Sonoma Pharmaceuticals Inc.

Mesoblast Ltd has an analyst consensus of Strong Buy, with a price target consensus of $18, a 143.6% upside from current levels. In a report issued on October 25, H.C. Wainwright also maintained a Buy rating on the stock with a $17 price target.

The company has a one-year high of $8.78 and a one-year low of $4.74. Currently, Mesoblast Ltd has an average volume of 80.06K.

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